Question: Find the following values assuming a regular, or ordinary, annuity: a The present value of $400 per year for ten years at 10 percent =

Find the following values assuming a regular, or ordinary, annuity:

a The present value of $400 per year for ten years at 10 percent

= $400 x 6.145

How is the 6.145% found?

= $2,458.00

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